Morningstar

September US Jobs Report: 29,000 Rise in Payrolls, Softer Than Expected

Unemployment rate rose to 4.2%.

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The US economy added 29,000 jobs in September, according to the latest report from the Bureau of Labor Statistics.

The unemployment rate rose to 4.2% in September from 4.1% in August.

Nonfarm payroll employment had been forecast to show an increase of 95,000, down from an increase of 162,000 initially reported in August, according to FactSet. That August gain has since been revised down to 133,000. Meanwhile, the unemployment rate had been forecast to remain steady at 4.1%.

September Jobs Report Key Stats

  • Total nonfarm payrolls rose by 29,000 after rising by 133,000 in August.
  • The unemployment rate rose to 4.2% in September from 4.1% in August.
  • In September, average hourly wages rose by 5 cents, or 0.1%, to $37.81.

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